Insights

Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…
The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Amcor CDI (ASX: AMC)

According to a note out of Macquarie, its analysts have upgraded this packaging company’s shares to an outperform rating with an improved price target of $16.56. Macquarie made the move partly on valuation grounds after recent softness in the Amcor share price. In addition, the broker expects Amcor’s full year result in FY 2021 to be strong, with further growth being recorded in FY 2022. And with Amcor generating significant free cash flow each year, the broker sees opportunities for the company to make bolt-on acquisitions. The Amcor share price is fetching $15.40 today.

Nanosonics Ltd (ASX: NAN)

A note out of Morgans reveals that its analysts have retained their add rating but trimmed their price target on this infection prevention company’s shares to $6.57. According to the note, the broker is pleased with Nanosonics’ plans to launch a new digital platform, AuditPro. However, Morgans already had a new product launch built into its forecasts, so no real changes have been made to its estimates. Nevertheless, it remains positive on its outlook and continues to rate it as a buy. The Nanosonics share price is trading at $5.68 this afternoon.

Telstra Corporation Ltd (ASX: TLS)

Analysts at Ord Minnett have retained their buy rating and lifted the price target on this telco giant’s shares to $4.25. This follows news that the company has agreed to sell a 49% stake in InfraCo Towers for $2.8 billion. In addition to this, the broker believes that Telstra’s head start with its 5G rollout leaves it well-placed in the mobile market. It suspects the company could make market share gains with lucrative postpaid subscriptions because of this lead. The Telstra share price is fetching $3.77 on Friday.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Here are the 3 most traded ASX 200 shares on the market today

Here’s how the Telstra (ASX:TLS) share price fared in June
5 things to watch on the ASX 200 on Thursday

ASX 200 rises, Telstra up, AGL sinks

Why the Telstra (ASX:TLS) share price jumped 4% higher today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia owns shares of and has recommended Amcor Limited, Nanosonics Limited, and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!